The United Arab Emirates (UAE) Ministry of Finance and Industry (MOFI) plans to launch a new design for the e-dirham for the denominations of 100, 200, 300, 500, 1,000, 3,000 and 5,000 dirhams.
The new visuals reflect not only the country's traditions and cultural heritage but also the modern face of the UAE and the drive towards greater economic efficiency. The design will be changed periodically.
The UAE e-dirham, which was introduced in 2001 to replace traditional methods of fees collection for government services, is an integral part of MOFI's overall efforts to automate public sector financial transactions. It provides real time information and allows Ministries to more effectively undertake and record payment transactions, in addition to providing a modern and secure payment system for customers. The automation of payment transactions also allows for more accurate information about government fee payments and facilitates policy decision-making.
E-dirhams are now offered through 10 banks and their 115 branches nationwide. The card is rechargeable to suit client requirements and has added security features that prevent misuse and forgery. It can be deactivated in case of loss or theft by a 24 hour Tele e-dirham service that can be used for balance enquiries, change of PIN, as well as many other transactions. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
